Andrew Tinkler has stepped down as CEO of Stobart Group, the business he has headed since it listed on the stock market in 2007. During his tenure, Tinkler, who retains a place on the business’s executive board, has divested several business units including automotive and the transport arm of the group, Eddie Stobart Logistics. He has also faced boardroom battles and made difficult decisions concerning its chilled business. Tinkler will now head the newly formed investment company, Stobart Capital. It […]
Stobart Group has entered the savings market with a new six-year retail bond. The retail bond is aimed at small investors, and will yield a fixed-rate of 5.5% per annum, while providing Stobart with another funding stream. Well known retail brands names such as Tesco, John Lewis and National Grid already market bonds, which offer investors relatively attractive interest rates in exchange for tying up their money. Stobart bonds will available to buy and trade on the London Stock Exchange, […]
Eddie Stobart is rolling out Microlise systems across its fleet of more then 2,000 vehicles, after a “detailed evaluation” of the new system against its predecessor.